debt
confidence high
sentiment positive
materiality 0.75
Adtalem offers up to $373.3M for 5.5% notes due 2028; enters $150M ASR with Morgan Stanley
Covista Inc.
- Offer to purchase up to $373.3M of 5.500% Senior Notes due 2028 at 100% of principal plus accrued interest.
- Offer expires April 8, 2022; funded with proceeds from financial services segment divestiture.
- Entered $150M accelerated share repurchase with Morgan Stanley; received initial ~4.7M shares.
- Board also authorized up to $300M open market repurchases over 36 months (previously announced March 1).